If you’re in your 20s, life insurance might not be the first thing on your mind. After all, you’re young, likely healthy, and may not have major financial responsibilities yet. So, do you really need life insurance in your 20s in Canada? The short answer is: it depends on your situation. While it’s not necessary […]
How Much Should You Have in Emergency Savings in Canada? Life is unpredictable. Whether it’s a sudden job loss, medical emergency, or unexpected home repair, having emergency savings in Canada can make the difference between staying afloat and falling into debt. But how much is enough? There’s no one-size-fits-all number, but we can help you […]
If you’ve ever had a payment bounce or a transaction declined because your chequing account was short on funds, you know how frustrating it can be. That’s where overdraft protection comes in—but what if you have less-than-stellar credit? Can you still get overdraft protection with bad credit in Canada? The short answer: sometimes, yes. It […]
Joint bank accounts can be incredibly convenient, especially for couples, families, or business partners who share financial responsibilities. But are joint bank accounts safe in Canada? The answer depends on how you use them, who you open one with, and what your financial goals are. In this guide, we’ll explain the benefits and drawbacks of […]
Thinking about switching banks or closing an old account? Many Canadians worry that doing so could hurt their credit. While it’s a smart move to clean up unused accounts or switch for better banking features, it’s important to understand how to close a bank account without hurting your credit Canada. The truth is, closing a […]
If you only pay the minimum on your credit card Canada, you’re not alone. A 2023 report by the Financial Consumer Agency of Canada found that nearly 1 in 5 Canadians regularly carry a credit card balance. While it might feel like you’re staying on top of your bills, paying just the minimum can lead […]
If you’re trying to remove late payment from credit report Canada, you’re not alone. A single 30-day late payment can reduce your credit score by up to 100 points. In Canada, it can stay on your credit report for up to six years. But there are real, legal, and practical ways to fix this. This […]
As a Canadian homeowner, you’ve likely heard about the benefits of refinancing your home loan, but the process can feel overwhelming. Interest rates fluctuate, life circumstances change, and your mortgage might no longer suit your financial goals. Refinancing your home loan offers a chance to adjust your mortgage terms, save money, or tap into your […]
If you’re a driver in Canada, you’ve likely heard about collision coverage, but do you really understand what it does and whether you need it? As a seasoned insurance advisor based in Toronto with over 15 years of experience helping Canadian motorists, I’ve seen how this coverage can be a lifesaver after a crash. In […]
If you’re a business owner in Canada moving equipment, goods, or materials across provinces, you might have come across the term inland marine insurance. It’s not about boats on lakes—it’s a vital coverage for assets on the move or stored temporarily. With over a decade of experience as a Canadian insurance advisor, I’ve helped countless […]
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